{"id":6016,"date":"2021-12-14T12:17:14","date_gmt":"2021-12-14T06:47:14","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6016"},"modified":"2021-12-14T12:17:16","modified_gmt":"2021-12-14T06:47:16","slug":"indian-economy-to-rebound-strongly","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/indian-economy-to-rebound-strongly\/","title":{"rendered":"Indian Economy To Rebound Strongly, Despite Omicron!"},"content":{"rendered":"\n<p>Even though India has logged nearly three dozen cases of the new coronavirus variant Omicron, <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-the-ministry-of-finance\/\">the Ministry of Finance<\/a> has stated that India is one among only a few economies to rebound strongly from the pandemic induced contraction of 2020-2021.&nbsp;<\/p>\n\n\n\n<p>In its monthly Economic Review, the ministry stated that India is one of the few nations to have grown for four consecutive quarters in Covid-19 (Q3, Q4 of FY 2021 and Q1, Q2, of FY 2022), demonstrating the Indian economy\u2019s resilience. What drove the recovery was a comeback in services, sustained development in <a href=\"https:\/\/www.tickertape.in\/blog\/gdp-growth-rate-contracted\/?utm_source=blog&amp;utm_medium=article\">agriculture sectors<\/a>, and full recovery in <a href=\"https:\/\/www.tickertape.in\/blog\/prospects-of-the-indian-manufacturing-sector-post-covid\/?utm_source=blog&amp;utm_medium=article\">manufacturing<\/a>.&nbsp;<\/p>\n\n\n\n<p>The report went on to say that the recovery indicated a resumption of the investment cycle, which will aid by rising vaccine coverage and effective economic management.&nbsp;<\/p>\n\n\n\n<p>The ministry cited the latest data from the 22 High-Frequency Indicators (HFIs). High-frequency data is the time-series data recorded at an incredibly tiny scale. These indicators are widely used in financial research and high-frequency trading. This data showed that 19 economic indicators of September to November 2021 were higher than those in the pre-pandemic period. And the corresponding months of 2019 indicated that the country\u2019s economic recovery could continue in the remaining quarters of the financial year.&nbsp;<\/p>\n\n\n\n<p>The finance ministry stated that Omicron might offer a new threat to global recovery. Still, preliminary information shows that this variant could be less severe, particularly since the vaccination rates have increased.\u00a0<\/p>\n\n\n\n<p>Due to the impacts of the <a href=\"https:\/\/www.tickertape.in\/blog\/a-guide-to-making-epf-withdrawal-during-a-covid-19-emergency\/?utm_source=blog&amp;utm_medium=article\">Covid-19<\/a> pandemic, the latest analysis identified 2021 as a \u201ccatch-up\u201d year for the global economy, including India\u2019s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new variant, Omicron, might become a hindrance to global recuperation. But prior information shows signs of recovery in the Indian economy. Find out more in this news piece.<\/p>\n","protected":false},"author":45,"featured_media":6018,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[14,1071,1073,1072],"acf":[],"modified_by":"Manonmayi","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/12\/4.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6016"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6016"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6016\/revisions"}],"predecessor-version":[{"id":6023,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6016\/revisions\/6023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/6018"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}